Martin County Real Estate and Livability Trends
In Martin County, Texas, average taxable income per tax return saw significant variability, from $80,092.96 in 2016 to $144,750.86 in 2019, pointing to a dynamic economic landscape possibly influenced by oil prices or agriculture. Median home values rose from $99,400 in 2015 to $148,000 in 2019, with a dip to $143,500 in 2022, making it appealing for budget-conscious buyers. The... Read more
Martin County Market Trends
Martin County, Texas has experienced substantial growth in median home values, rising from $99,400 in 2015 to $148,000 in 2019, before a slight dip to $143,500 in 2022, which is still well below the state and national averages, making it an appealing option for budget-conscious buyers. Residential energy tax credits have surged from an average of $400.00 in 2015 to over $5,000.00 by 2021,... Read more
Median Value of Occupied Housing Units in Martin County, Texas Over the Last 8 Years
Martin County, Texas has seen substantial growth and fluctuation in median home values over the past eight years, with a notable rise from $99,400 in 2015 to $148,000 in 2019, before dipping to $143,500 in 2022. Despite these changes, prices in Martin County remain significantly lower than both state and national averages, where Texas values reached $238,000 and national values hit $179,400 by 2022. This suggests that Martin County could be an attractive option for investors and homebuyers seeking affordability amidst broader market increases.
Residential Energy Tax Credit Per Tax Return in Martin County, TX Over the Last 6 Years
Residential energy tax credits in Martin County, Texas have shown significant fluctuations over the past six years, with a marked increase in recent years. Notably, the average credit jumped from $400.00 in 2015 to a substantial $3,733.33 in 2020 and further rose to $5,075.00 in 2021. This rise may suggest an increase in residential investments in energy-saving upgrades or renewable energy installations, potentially influencing property values and attractiveness to eco-conscious investors.
Average Real Estate Taxes Per Tax Return in Martin County, TX Over the Last 10 Years
Average real estate taxes in Martin County, Texas have seen a generally upward trend over the past decade, climbing from approximately $2,080.00 in 2012 to around $4,800.00 in 2021. Notable spikes include a significant increase in 2018 to $4,187.50 and another jump in 2020 to $4,514.29. This gradual rise may reflect growing property values and could be a critical consideration for investors, prospective property owners, and real estate professionals assessing the local market's long-term financial sustainability. Appraisers and insurance agents should also take these trends into account when valuing properties and setting insurance rates in the region.
Percentage of Farm Returns in Martin County, TX Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Martin County, Texas has shown slight fluctuations, ranging from a low of 8.15% in 2019 to a peak of 9.73% in 2013. Farm tax returns, which typically reflect the income generated from agricultural operations, can offer insights into the economic health and viability of the farming sector in the area. This trend might suggest a relatively stable farming economy, making it a potentially attractive location for agricultural investments or property development geared towards supporting farm and rural lifestyles.
Number of Mortgages by Occupancy Type in Martin County, TX Over the Last 5 Years in Martin County
Martin County, Texas has seen a notable increase in mortgage counts for principal residences, particularly from 2018 to 2021, which suggests a rising demand for primary homes in the area. This trend is potentially driven by a combination of local economic factors and shifts in population dynamics. Meanwhile, the activity for investment properties fluctuated, showing a peak in 2021 but a drastic drop by 2022. Second residences have consistently been minimal. These occupancy type shifts provide valuable insights for investors, real estate agents, and appraisers looking to assess market viability and trends. Understanding these changes is crucial for crafting targeted investment strategies and accurately appraising property values based on current market demands.
Economic Outlook
Martin County, Texas has experienced considerable fluctuations in average taxable income per tax return, notably from a low of $80,092.96 in 2016 to a high of $144,750.86 in 2019. These variations, coupled with a significant increase in average total tax liability per tax return, reaching $41,282.58 in 2019, hint at a dynamic local economy potentially shaped by factors like oil prices or agricultural productivity. For investors and real estate agents, these trends may signal periods of economic... Read more
Average Taxable Income per Tax Return in Martin County, TX over the last 9 years
Martin County, Texas has seen notable fluctuations in its average taxable income per tax return over the past nine years. From a low of approximately $80,092.96 in 2016 to a peak of around $144,750.86 in 2019, the county demonstrates considerable income volatility. The spike in 2018 to $132,734.51 and a slight dip in 2020 to $113,489.78 suggest a potentially dynamic local economy, possibly influenced by external factors like oil prices or agricultural production. This trend could be compelling for investors and real estate agents as it implies periods of economic growth that might influence property values and development opportunities.
Average Total Tax Liability Per Tax Return in Martin County, TX Over the Last 10 Years
Over the last decade, Martin County, Texas has seen a fairly dramatic rise in the average total tax liability per tax return. Beginning at approximately $17,943.90 in 2012, there's been a stark jump, particularly in recent years, reaching a peak around $41,282.58 in 2019. This trend likely reflects underlying economic shifts, potentially driven by factors such as property value changes, demographic movements, or evolving local economic conditions that could be of interest to investors, real estate professionals, and those looking to appraise or insure properties.
Cost of Living in Martin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,343 | $1,799 | $1,477 | $906 |
| 1 adult 4 children | $1,174 | $1,097 | $1,375 | $1,477 | $1,028 |
| 2 adults 3 children | $1,174 | $1,097 | $1,562 | $1,477 | $739 |
| 1 adult 3 children | $1,174 | $896 | $1,137 | $1,477 | $824 |
| 2 adults 2 children | $826 | $898 | $1,324 | $1,285 | $629 |
| 1 adult 2 children | $826 | $671 | $900 | $1,285 | $595 |
| 2 adults 1 child | $826 | $710 | $1,086 | $664 | $599 |
| 1 adult 1 child | $826 | $459 | $662 | $664 | $493 |
| 2 adults | $694 | $570 | $849 | $0 | $512 |
| 1 adult | $690 | $311 | $424 | $0 | $463 |
Safety trends & Data
Martin County, Texas, has seen fluctuating property crime trends over the past five years. In 2019, larceny-theft nearly doubled with 7.0 incidents, while motor vehicle theft and vandalism decreased significantly in 2020. Burglary incidents peaked at 5.0 in 2021, before easing to 4.0 in 2022. Consistent, albeit low, levels of fraud and forgery suggest ongoing minor criminal activities. These crime trends could potentially impact property values, insurance costs, and real estate decisions for... Read more
Property Crime Trends in Martin County, TX Over the Last 5 Years
Over the past five years, property crime trends in Martin County, Texas, have shown notable fluctuations. 2019 saw a significant rise in larceny-theft, almost doubling from the previous year with 7.0 incidents, while motor vehicle theft and vandalism decreased notably in 2020. Burglary incidents spiked in 2021 with a noticeable increase to 5.0, then slightly receded to 4.0 by 2022. Additionally, fraud and forgery incidents have remained relatively low but consistent, suggesting ongoing minor criminal activities. These trends may influence property values, insurance costs, and real estate decisions for potential investors and residents in the area.
Demographics
Martin County, Texas sees a slight gender imbalance with marginally more men than women. Educationally, the majority hold a high school diploma or some college experience, while higher degrees are relatively infrequent. Children under 10 years and older adults over 55 years make up significant portions of the population, hinting at a community that values family and longevity. The racial composition is predominantly White, with smaller numbers of Black or African American, Asian, and other... Read more
Race Distribution in Martin County, Texas (2022)
Educational Attainment in Martin County, Texas (2022)
Age Distribution in Martin County, Texas
Citizen Population in Martin County, Texas (2022)
Political Trends & Data
In Martin County, Texas, the real estate market might be influenced by its strong conservative voting pattern, with over 85% of the 2020 U.S. Presidential Election vote going to the Republican Party. This conservative dominance could signal a community with traditional values and potentially lower taxes, factors that often attract certain homebuyers and investors. Opposition was noticeable but minimal, with the Democratic Party capturing around 13%, while Libertarian and Green party votes... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Martin County, Texas, voting patterns in the 2020 U.S. Presidential Election appeared to heavily favor the Republican Party, with just over 85% of the vote, potentially highlighting a strong conservative presence in the area. The Democratic Party received roughly 13%, suggesting some level of opposition, albeit significantly smaller. The support for Libertarian and Green Party candidates was minimal, possibly indicating limited traction for third-party platforms in this region.
85.97% of voters voted for the Republican party in the 2020 Presidential Election
13.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.60% of voters voted for the Livertarian party in the 2020 Presidential Election
0.09% of voters voted for the Green party in the 2020 Presidential Election
School Data
Martin County, Texas has maintained a student-to-teacher ratio slightly below the national average of 14 students per teacher, settling around 12 students per teacher over the last decade. This trend suggests smaller class sizes, potentially offering more individualized attention, which may appeal to families prioritizing quality education. For real estate agents and investors, highlighting this could be a persuasive selling point, as good education often correlates with higher property... Read more
Student-to-teacher ratio in Martin County, Texas over the last 10 years
Over the last decade, Martin County, Texas has seen a generally steady student-to-teacher ratio, mostly hovering slightly below the national average of 14 students per teacher. With the ratio starting at 12 students per teacher in 2014 and ending at around 12 in recent years, this pattern could indicate smaller class sizes which might be appealing to parents seeking more individualized attention for their children. For those looking to move to or invest in this area, the relatively lower student-to-teacher ratio could also hint at a potentially higher quality of education. Real estate agents, in particular, might find this trend notable as smaller class sizes can be a significant selling point for families. Insurance agents and appraisers might also find it useful to consider, as education quality can impact local property values.
